ETH Price
Will Ethereum Price Reach $5,000 In First 3 Months of 2025?
For Ethereum (ETH) price to hit $5,000, it would need to rally approximately 46% from $3,415.4, where ETH currently trades. Considering that ETH shot up 71% in just 30 days starting on November 5, there is a high chance Ethereum price will hit $5,000 in the first three months of 2025.
Ethereum is up 2.46% in the past 24 hours and will likely continue this bullish outlook.
Can Ethereum Hit $5,000 in First Three Months of 2025?
As mentioned above, Ethereum price can hit $5,000 in the first three months of 2025. ETH’s historical returns show that the first quarter has yielded an average return of 82.72% in the past eight years. Therefore, if history were to repeat, then 82.72% from the current price of $3,415.4, Ethereum would be trading at roughly $6,276.
Let’s explore what technical analysis has to say about Ethereum price in the short term.
ETH Technical Analysis
From a price action perspective, Ethereum is stuck between the $3,600 and $3,000 barriers. Only a swift breakout relative to these levels will confirm the trend. To make matters worse, ETH’s value has been stuck inside a symmetrical triangle for the past two weeks.
The recent uptick in Bitcoin’s price has revived optimism after weeks of consolidation. Many top altcoins have bounced up double digits. As a result, investors are bullish and expect Ethereum to follow suit.
Ethereum Price Targets
Although the symmetrical triangle breakout direction is uncertain, let’s assume a bullish one, considering the recent recovery. A decisive daily candlestick close above the triangle’s upper limit forecasts a 12% move to $3,800. This target is the result of adding the symmetrical triangle’s 12% height to the breakout point of $3,445.
Concluding Thoughts
With a fresh start to 2025, the outlook shows promise, especially for Ethereum and altcoins. With historical returns averaging 82.72% in the first quarter of the past eight years, it is highly likely that Ethereum will unpause the consolidation and kickstart an uptrend. ETH is already up 3% on the day, and technical analysis indicate a bullish future. All of these signs suggests that Ethereum price will easily tackle the $4,000 hurdle and reach $5,000, a key psychological level, in the first three months of 2025.
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Justin Sun Ethereum Exchange Deposits Continue, ETH Price Drop to $2,800 Soon?
Tron founder Justin Sun continues with his Ethereum exchange deposits moving an additional 29,153 ETH to crypto exchange HTX earlier this. This is one of the several deposits that Sun conducted this year sparking cell-off concerns. ETH price continues to face selling pressure dropping another 2% while moving closer to $3,300, with analysts predicting to $2,800.
Justin Sun Deposits $96.7M in Ethereum to HTX
Tron founder Justin Sun has made substantial deposits to crypto exchange HTX moving another 29,153 ETH worth $96.7 million in the last 11 hours, as per the data from Spot On Chain. On-chain data shows that since November 10, the Tron founder has deposited a total of 227,000 ETH, worth approximately $807 million, to HTX at an average price of $3,556 per ETH. Sun had acquired a majority of these holdings earlier in 2024 at a cost basis of around $3,036 per ETH.
In addition, Justin Sun has initiated the unstaking of 96,580 ETH (valued at $322.7 million) from platforms such as Lido Finance and EtherFi. Analysts suggest these assets are likely intended for further deposits to HTX, indicating continued activity and liquidity management by the crypto magnate.
The recent Ethereum movement by Tron founder has sparked concerns of a major sell-off, however, Sun has denied these rumors calling it a routine part of Ethereum wallet transfers. Interestingly, this ETH movement by Sun coincides with the ETH price drop.
Where Is ETH Price Heading Next?
As we bid adieu to 2024, Ethereum and the broader crypto market have witnessed some selling pressure. ETH bulls have failed to take past the price above the crucial resistance of $3,500 opening the gates for an ETH price drop under $3,000, all the way to its next support of $2,800. As shown in the chart below, Ethereum could be forming an inverse head-and-shoulders pattern wherein it will take a support of $2,800 before reversing the trajectory.
Amid the latest move from Justin Sun’s exchange, popular analyst Charting Guy expects the ETH price to rally all the way to $7,080 by April 2025. Thus, a major rally for Ethereum could kickstart in the first quarter of 2025. Popular crypto analyst Crypto Rover expects the Ethereum rally to start from January 1, 2025, citing the peak of Bitcoin dominance based on historical trends.
As of press time, Ethereum price is trading 1.38% down at $3,340 with a market cap of $402 billion. As per the Coinglass data, the 24-hour liquidations have soared to $38.3 million with $27.52 million in long liquidations.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Ethereum (ETH) shows strong signs of recovery as Bitcoin (BTC) slithered close to $100,000. However, this article explores what would happen to Ethereum price if BTC collapsed to $80,000. Can ETH still manage to retest $4,000 or will it drop lower? Let’s explore this outlook via ETH technical analysis and also by taking a look at what on-chain data shows. Are ETH whales accumulating or selling their holdings?
Ethereum Price If Bitcoin Crashes To $80,000
The four-hour chart shows that the ETH price crashed 25% since the formation of the double top on December 16. Furthermore, this drop is due to Bitcoin’s weakness and is caused by the recent crash below $100K to $95K. A high correlation between Bitcoin & Ethereum is the reason why Ethereum follows Bitcoin’s footsteps. As a result, a drop in Bitcoin to $80,000 would cause Ethereum price to crash lower as well.
The aforementioned 25% drop led by Bitcoin pushed ETH to flip the $3,539 and $3,656 support levels into resistance. Although there was a recovery bounce, lack of bullish momentum coupled with weak Bitcoin outlook, ETH rejected from $3,539, hinting that the bulls are not in control.
If this outlook continues and Bitcoin crashes to $80,000, Ethereum could easily revisit $3,000. In a worse-case scenario, Ethereum price prediction notes that ETH could revisit the $2,500 support level.
But will such a fateful crash occur for Bitcoin? What if BTC does not crash, but continues to climb higher? Let’s explore what would happen to Ethereum if Bitcoin overcomes $100,000 and restarts the bull run. Under these conditions, Ethereum price could also rally. Furthermore, on-chain metrics are showing that whales are accumulating ETH as it dropped 25% in the past week.
Whales Accumulate 240,000 ETH in a Week
Supporting this positive oultook is the accumulation of ETH done by whales holding between 10K to 100K tokens. These whales’ holdings increased from 25.02 million to 25.26 million ETH in the past week.
This massive dip-buying activity scooped 240,000 ETH worth $1.15 billion Ethereum tokens from the market and is generally a positive signal.
Ethereum’s Short-term Holders Capitulate
Based on Santiment’s 30-day MVRV indicator, which hovers around -10.72%, the short-term holders are capitulating. This indicator tracks the average profit and loss of investors who accumulated ETH in the past month and are currently sitting at an average loss of 10.72%. However, when an altcoin dips in the opportunity zone, i.e., between -10% to -20%, short-term holders capitulate, allowing long-term holders to buy the dip.
To conclude, if Bitcoin dropped to $80,000 Ethereum price could revisit the first support level at $3,000. In a worst-case scenario, ETH could crash as low as $2,500.
If we disregard Bitcoin dropping to $80,000, then Ethereum looks bullish from a technical and on-chain perspective. However, the uncertain outlook for Bitcoin price suggests that there might be an extension of the correction before BTC kickstarts a rally or slips into consolidation. Until that occurs, Ethereum price could either move sideways as a show of bulls’ strength or drop due to its high correlation with BTC. Regardless, investors must understand that the bottom is almost near.
Frequently Asked Questions (FAQs)
Ethereum price could revisit $3,000 or even drop to $2,500 in a worst-case scenario.
According to on-chain metrics, ETH whales are accumulating, with a notable increase of 240,000 ETH worth $1.15 billion in a week.
Ethereum looks bullish from a technical and on-chain perspective, with potential for a rally if Bitcoin maintains its current price or moves higher.
Akash Girimath
Akash Girimath, an engineer by training, has developed a deep fascination with the complexities of cryptocurrency markets. As a senior reporter and analyst, he specializes in crypto analysis and contributes his expertise to notable platforms such as AMBCrypto and FXStreet. In addition to his analytical work, Akash actively trades cryptocurrencies and manages a small crypto fund for friends and family. His role involves providing insightful market analysis and keeping readers informed about the latest trends in the crypto world. Follow Him on Youtube , X and LInkedIn
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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The Ethereum price could face some turbulence, as Justin Sun, the founder of Tron (TRX), has unstaked a whopping $209 million from Lido Finance, a liquid decentralized staking platform for Ethereum. Compared to top cryptocurrencies like Bitcoin (BTC) and Dogecoin (DOGE), the Ethereum price has had a relatively muted performance, skyrocketing to $4,000 before consolidating and struggling to move higher. With the possibility of more sell-offs, Ethereum could see its price crashing down if Sun decides to dump more coins.
Justin Sun Dumps ETH
New reports from Spot On Chain, an AI-driven crypto platform, revealed that Sun recently applied to withdraw a staggering 52,905 ETH tokens worth about $209 million from Lido Finance. According to the on-chain data, this massive withdrawal was part of the ETH stash Sun allegedly accumulated between February and August 2024.
Spot On Chain has revealed that the total amount of Ethereum Sun bought within this period amounted to 392,474 ETH tokens, valued at $1.19 billion. All of these tokens were purchased via three wallet addresses at an average price of $3,027. Presently, the total profit the Tron founder has acquired since his purchase is up to $349 million, representing a 29% increase from its purchasing price.
Interestingly, on October 24, Sun had unstaked a massive 80,251 ETH tokens, worth over $131 million, from Lido Finance. Four days later, he transferred the entire amount to Binance, the world’s largest crypto exchange. This notable move took place just before the price of Ethereum had dropped sharply by 5% in mid-October, which could have resulted in a loss for Sun.
Unsurprisingly, this is not the first time Sun has dumped Ethereum. Spot On Chain revealed earlier this month that the Tron Founder had been cashing in his Ethereum holdings during the market rally.
In November, Sun deposited 19,000 ETH worth $60.83 million to HTX, a crypto exchange. Additionally, he transferred 29,920 ETH valued at $119.7 million to HTX again after its price surpassed $4,000 over the past week. These are just a few transactions the Tron founder has made with ETH over the past month.
Given Sun’s history of large-scale asset movements, further sell-offs could impact the already fragile Ethereum market. Nevertheless, the lingering question remains whether the Tron founder will continue his Ethereum dumping spree.
Ethereum Price Crash Ahead?
While Sun has not publicly commented on his recent large-scale Ethereum withdrawals, the size and timing of these transactions could pose a problem for the altcoin’s future trajectory. Historically, large ETH liquidations have triggered a price crash due to increasing selling pressures.
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With the price of Ethereum still unstable and aiming for a stronger upward rally, further large-scale ETH dumps could exacerbate market volatility, especially if other investors or whales follow suit. For now, the price of Ethereum seems to be performing well, recording a more than 7% increase in the last seven days and a 28% surge over the past month, according to CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
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